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Wells Fargo Broker Banned From Industry By FINRA

Writing checks for over $650,000 from a client account without permission resulted in the permanent bar from the industry for Adorean Boleancu, who formerly worked for Wells Fargo Private Bank in San Francisco. FINRA announced the bar in March 2013.

While neither admitting or denying, Boleancu agreed to repay his elderly widow client the money he had taken and exit the industry. The misconduct started in 2008 while Boleancu was employed by Wells Fargo when he wrote checks from the customer's account, giving some of the money to his girlfriend.

He was discharged by Wells Fargo for failure to cooperate with the investigation.

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